Deepa Prasad, outgoing vTv Therapeutics CEO

Small biotech CEO ex­o­dus con­tin­ues as vTv, a trou­bled for­mer Alzheimer's play­er, sees chief leave af­ter just 4 months

It’s been a bad cou­ple months for the heads of small, strug­gling biotechs.

On Fri­day, vTv ther­a­peu­tics, a North Car­oli­na com­pa­ny that once raised a $117 mil­lion IPO on the promise that it could res­ur­rect an old Pfiz­er drug for Alzheimer’s, an­nounced that CEO Deepa Prasad had re­signed. Prasad had on­ly been CEO since Oc­to­ber, and no rea­son was giv­en for the de­par­ture.

The long­time health­care ex­ec­u­tive joins a small ex­o­dus of biotech chiefs, as a his­toric bear mar­ket puts in­creased pres­sure on com­pa­nies strapped for cash and starved for in­vestor con­fi­dence.

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